SOCAR Georgia Gas

What SOCAR Georgia Gas does

SOCAR Georgia Gas is a Tbilisi-headquartered, privately held natural gas distribution utility operating as a subsidiary of SOCAR (State Oil Company of the Azerbaijan Republic). Founded in 2008, the company distributes natural gas to residential and commercial customers across multiple Georgian municipalities through a network exceeding 11,549 kilometers of pipeline, with a potential subscriber base of 305,389 households and businesses. It operates under exclusive territorial distribution licenses issued by the Georgian National Energy and Water Supply Regulatory Commission (GNERC), and runs more than 40 service centers and 5 front offices supported by a 24/7 dispatch center.

The company generates revenue through regulated gas distribution tariffs — including a published commercial rate of 1.29 GEL per cubic meter and residential tariffs set by GNERC — as well as one-time connection fees of 400 GEL. Underlying technical infrastructure includes smart metering systems, GIS-based network management, and the Utilix mobile application for customer-facing operations such as billing and service requests. Cumulative parent-company investment from SOCAR has exceeded $300 million, funding network build-out, metering modernization, and ongoing territorial expansion via license modifications and the 2022 acquisition of Gaztrans Service LLC.

Name

SOCAR Georgia Gas

Legal name

LLC SOCAR Georgia Gas (შპს სოკარ ჯორჯია გაზი)

Website

https://socargas.ge

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SOCAR Georgia Gas is a Tbilisi-based natural gas distribution utility and subsidiary of SOCAR (Azerbaijan), operating 11,549+ km of pipelines to serve 305,000+ residential and commercial subscribers across Georgia under exclusive GNERC licenses.

Ownership category

akta.pro rank

Product category

Natural Gas Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (221210), Pipeline Transportation of Natural Gas (48621)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Gas Mains (Distribution Pipelines) (EUAJABAA)

akta.pro secondary industries

Network Construction, Replacement & Uprates (Capex Programs) (EUAJABAL), Service Lines, Connections & Customer Hookups (New Taps) (TLAGADAF)

Keywords

• Natural gas distribution
• Gas utility services
• Energy infrastructure
• Pipeline distribution
• Gas metering services

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Natural Gas Distribution Services: Revenue from distributing natural gas to residential and commercial customers across Georgia. Charges include monthly consumption fees based on cubic meters used.
2. Network Connection Fees: One-time fees for connecting new customers to the gas distribution network. Connection fee is 400 GEL, payable in full or in installments over 16-17 months.
3. Gas Supply Services: Supply of natural gas sourced primarily from Azerbaijan through agreements with South Caucasus Pipeline and Shah Deniz consortia.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

SOCAR Georgia Gas distributes and supplies natural gas to residential households and commercial customers across Georgia through more than 11,549 km of licensed pipeline infrastructure. It provides end-to-end customer services including new connections, smart metering, billing, and 24/7 emergency response via service centers, front offices, the mygas.ge web portal, and the Utilix mobile app. Network operations are supported by GIS-based asset management and a 24/7 dispatch center monitoring gas pressure across the network.

Product overview

SOCAR Georgia Gas operates a comprehensive natural gas distribution network in Georgia, providing services to both household (residential) and commercial (non-household) customers. The company offers a portfolio of digital and physical service channels: an electronic services web portal (mygas.ge), a universal mobile application (Utilix), a European-standard smart metering system, service centers, and front-offices for one-stop customer service. These products work together to enable customers to manage their accounts, pay bills, track consumption, and access support through multiple channels.

Differentiator

Problem solved

Functional benefit

Brands

• Utilix: Universal mobile application for managing company services including multiple subscriber card management, payment processing, service requests, and consumption history tracking

Products and services

• Residential Natural Gas Supply Natural gas supply to individual households across Georgian municipalities for heating, cooking, and hot water, billed monthly based on cubic meter consumption under GNERC-set tariffs.
• Commercial Natural Gas Supply Natural gas supply to business entities, enterprises, bakeries and commercial establishments in Georgia for operational use, billed monthly per cubic meter at 1.29 GEL/m³ (incl. VAT) as of January 2024.
• New Subscriber Connection Service One-time network connection service for new gas subscribers with a 400 GEL fee payable in full or in 25 GEL installments over 16 months (or 50% upfront with remainder over 16 months after supply begins).
• Meter Inspection Service Inspection of customer gas meters at the National Bureau of Court Expertise named after Levan Samkharuli, priced at 70 GEL per inspection.
• Gas Supply Restoration Service Restoration of gas supply following a cutoff, with 5 GEL charged for sealed-cutoff restoration and 30 GEL for mechanical-cutoff restoration.

Quantifiable outcome

• Over 11,549 km of gas distribution networks built since 2009
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ermi Company (ერმი)coreStrategic or Co-development Partner · 26 January 2017Joint project in Kakheti region offering special financing terms for heating equipment, water heaters, and gas stoves. SOCAR Georgia Gas subscribers in Kakheti can purchase equipment with 24-month interest-free installment plans. Installation is provided free of charge.
• Azerbaijan SOCAR (Azerbaijan State Oil Company)coreStrategic or Co-development Partner · 1 February 2016Parent company providing natural gas supply to Georgia through agreements with South Caucasus Pipeline and Shah Deniz consortia. Azerbaijan increased winter gas supply by 50 million cubic meters annually.
• SOCAR Energy GeorgiacoreStrategic or Co-development PartnerRelated SOCAR entity operating in Georgia's energy sector. SOCAR Energy Georgia CEO attended service center openings.
• Georgian National Energy Regulatory Commission (GNERC/სემეკი)coreOthersGovernment regulatory body overseeing natural gas market, tariffs, and licensing in Georgia. Sets household tariffs and approves distribution licenses.
• Banks and Payment Service ProvidersminorChannel Partner/ Reseller/ DistributorPayment infrastructure partners including banks, internet banking, and online payment systems for gas bill settlement.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• JSC Sakorggazi: Sakorggazi (Sakorgazi) is a sister operating company within the SOCAR Gas Group that distributes natural gas across multiple Georgian municipalities alongside SOCAR Georgia Gas. Functions as a near-direct peer under the same regulatory regime, sharing the SOCAR parent, infrastructure footprint, and customer service standards but operating distinct licensed territories.
• Tbilgazi: Tbilgazi is the other regulated natural gas distribution utility serving Tbilisi and parts of Georgia, operating a local pipeline and service line network to residential and commercial customers under GNERC oversight. Directly comparable to SOCAR Georgia Gas in regulatory framework, customer segments, and product offering, though confined to the Tbilisi metro area.

Broad incumbents

• KazMunayGas: KazMunayGas is Kazakhstan's state oil and gas company engaged across upstream, midstream, and downstream activities including gas processing and distribution domestically. Comparable as a sovereign-backed national energy company that combines production, gas supply, and distribution activities under one corporate umbrella, similar to SOCAR's role in Georgia.
• Naturgy Energy Group: Naturgy (formerly Gas Natural Fenosa) is a multinational gas and electricity distribution utility with regulated distribution networks across Spain, Latin America, and Europe. Comparable as a publicly listed regulated natural gas distribution operator with mature, multi-jurisdiction infrastructure, providing a benchmark for valuation multiples of utility-scale gas distributors.
• Eni Plenitude: Plenitude is Eni's retail and renewables arm operating gas distribution, power generation, and EV charging across European markets. Comparable as a vertically integrated gas and energy distribution player transitioning toward renewables, useful as a benchmark for diversified regulated gas utilities.
• Engie: Engie is a global utility with regulated natural gas distribution operations across Europe, Latin America and elsewhere. Comparable as a large incumbent gas distributor operating under regulated tariff frameworks, providing a benchmark for capital-intensive distribution utility economics and digital transformation of gas networks.
• Naftogaz Group: Naftogaz is Ukraine's state-owned vertically integrated oil and gas company covering production, transmission, distribution, and supply of natural gas to households and industry. Comparable as a regulated, state-affiliated natural gas distributor serving a national customer base, though with substantially larger scale and a different operating jurisdiction.

Others

• Energo-Pro Georgia: Energo-Pro Georgia is the country's main privately-held electricity distribution and supply company operating in regulated Georgian energy markets. Comparable as a regulated utility serving Georgian residential and commercial customers under GNERC oversight, though in electricity rather than gas, and useful for cross-utility regulatory and consumer benchmarking.
• Turkiye Petrolleri (TPAO): TPAO is the Turkish state oil and gas company engaged in upstream exploration, production, and increasingly in gas distribution infrastructure through partnerships. Comparable as a state-backed integrated energy company in the broader Caucasus/Black Sea region that owns gas distribution-related infrastructure and operates under national strategic mandates.

Regional players

• SOCAR Turkey (SOCAR Turkey Petrokimya / IGAS): SOCAR Turkey is the regional operating arm of parent SOCAR in Turkey, engaged in gas distribution, refining, and petrochemicals with similar reliance on Azerbaijani gas feedstock. Comparable as a regional SOCAR downstream entity with regulated and unregulated gas distribution activities, though operating in a different national regulatory jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/socar-georgia-gas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOCAR Georgia Gas